Archive for May 14th, 2019

How to Successfully Be Approved for a Mortgage

Buying a house is a huge milestone in life. It means that you have a home that is all your own for your family to grow up in. However, this process usually starts with applying for a mortgage unless you have the money available to buy a home outright. Mortgage payments tend to be less than rent payments and give you ownership of the home, but you have to apply for one before you can move forward. Below we will go over some tips on how to get approved for a home loan and buy your first home.

Use an Affordability Calculator

A good way to see where you are financially and the rates you can expect is to use an affordability calculator online. They also have refinance calculators for people who want to refinance their home loans. These affordability and refinance calculators allow you to input information like your income, your credit score, the price of the home, and your estimated down pay

Read more ...